Initial Coin Offering (ICO)

ICOs (Initial Coin Offerings) or Security Token offerings are a great way to fund and expand your business. But, you need to comply with money laundering regulations, including blocking certain geographies and individuals. You know you need to do something, but what? And, how do you do it without turning away customers, getting sued, or getting shut down by various governments? ldentityMind can help.

IdentityMind provides a plug-in software solution that handles the necessary Anti-Money Laundering (AML) requirements, including KYC (Know Your Customer), required to launch your ICO around the world. It ensures that your ICO meets the existing legal requirements, demonstrating to regulators you’re doing the right thing. With our extensive digital currency, regulatory, and risk management knowledge, we can make this part of your ICO a whole lot easier.

You receive a pre-configured plug-in that will:

Know where your contributors are coming from. Preventing geographies or regions you cannot, or do not want to, work with

Perform risk based KYC, complying with regulations of various governments (US, Canada, China, and others)

Benefits

It’s Easy to Do the Right Thing

IdentityMind has a pre-configured plug-in that takes into consideration all published guidance.

Broaden Your Contributor Base

Our platform uses digital identities that help you ensure the same person is not making multiples purchases, understand the reputation of each of your contributors, and accept as many as possible while still complying with the law.

Simple Setup, Faster Process Time

We’ll get you up and running quickly. With Swagger documentation, a RESTful JSON APl, and a staging environment, integration can take less than 24 hours. And, our rules, case management, and alerts allow you to authorize contributors based on your specific thresholds, so you can quickly review users and escalate as required.

SAFT Compliance

A SAFT requires you to validate your contributors are accredited investors. IdentityMind can help connect you to a review service that approves contributors in a timely manner.

Select Clients

“IdentityMind had everything we needed to ensure our token sale was conducted lawfully and in accordance with worldwide rules and regulations. We were up and running in less than 72 hours. We are fully compliant and appeal to a wider range of contributors.”

ICOs are very new, and regulations worldwide are still developing. Hover over orange countries to see what the regulatory environment for ICOs is like there. Grey countries have not yet commented on ICO legislation.

Our Partners

Further Reading

Slide Deck: 19 Regulatory Insights for ICOs Worldwide

We’ve distilled the 19 key insights our panel shared at a webinar in late 2017. For each jurisdiction, we share with you:The existing legal frameworkKey areas of note for ICOsRegulatory analysis, through a rigorous Q&A

Recently, Coindesk published an article stating, ”The ICO is over”. What we’ve found, in the words of Mark Twain, "The reports of my death are greatly exaggerated." We have signed almost 200 ICOs, in fact, 10% of ICOs who conduct Know Your Customer (KYC) and...

For the first time, bitcoin addresses have been added to an Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) list On Wednesday, November 28, the US Treasury added two bitcoin addresses to the OFAC SDN list. For those not familiar, a bitcoin...